The average time required to confirm a Bitcoin transaction has plunged significantly in the past month. Simultaneously, the average transaction fees continue to drop after reaching yearly-high following the 2020 halving. BTC Average Transaction Time Plunges Data provided by Blockchain.com shows that the average time needed for a BTC transaction to be included in a...Read More
Transaction fees affecting different cryptocurrency ecosystems in unique ways. For Ethereum, its gas used – based on a 7d moving average – has reached a new all-time high. Every service or application built on top of Ethereum utilizes gas to operate. Ethereum Gas Usage Rises Swiftly Additionally, all regular users also pay transaction fees in...Read More
The research and development team of the American newspaper The New York Times has tested a blockchain-based project to address the growing issue of misleading information in the online space. NYT Turns To Blockchain For Validating Info In its recent report, the NYT outlined the problem of misinformation, primarily when it comes down to pictures...Read More
Well-known cryptocurrency proponent John McAfee recently announced an upcoming encrypted chat application dubbed TeleGHOST. Based on the GHOST blockchain, it will allow full integration with the widely-utilized encrypted messaging app – Telegram. McAfee Announces TeleGHOST Chat App The former antivirus software tycoon posted on Twitter the details regarding the new encrypted chat app that will...Read More
Brian Brooks, the former chief legal officer of Coinbase, was recently appointed to serve as the interim head at the Office of the Comptroller of the Currency (OCC) in the Trump administration. Brooks has shown openness to exploit the merits of blockchain and cryptocurrency at his new position, according to a recent interview. Trump’s Head...Read More
The American multinational technology company Microsoft Corp. has launched a beta version of its open-source, decentralized identifiers (DIDs) network on Bitcoin’s mainnet. Called ION, it’s designed to bring back the control of personal information from centralized entities to individuals. Microsoft’s DID Employs Bitcoin’s Network The tech giant explained its decentralized identifiers as a technical component...Read More
The popular blockchain company for capital markets, tZERO, has recorded its strongest month in May 2020 as its alternative trading system (ATS) transacted over 400,000 digital securities. Interestingly, the stock price of the parent company Overstock has increased with over 9% since the announcement from tZERO. tZERO Continues Growing Overstock announced last month that it...Read More
The TRON Foundation is entering a new phase of its development with the upcoming launch of the fourth network version named TRON 4.0. Merely weeks before the project says goodbye to the current Odyssey consensus and welcomes the “Great Voyage era,” TRON will also celebrate its second “independence day” at the end of the month....Read More
Recent data indicates that Bitcoin transaction fees have been decreasing after the post-halving peak, while Ethereum fees are on the rise. As such, the total amount in fees spent on the Ethereum network has surpassed Bitcoin’s, and the gap continues to grow. The “Feepening” Ethereum Vs. Bitcoin According to information from the cryptocurrency data company...Read More
Recently emerged public documents indicate that the largest US-based cryptocurrency exchange –Coinbase – plans to sell blockchain analytics software to two US government agencies. At the same time, a Twitter poll suggests that almost 50% of participants would delete their Coinbase accounts. Coinbase To Sell Analytic Software To Government Agencies? The public records link the...Read More
Jerome Powell, the current Chair of the US Federal Reserve, recently stated that an Ethereum-backed blockchain project operating as a reference rate – called AMERIBOR – could serve as a potential replacement to LIBOR. Blockchain Project To Replace LIBOR? The London Interbank Offered Rate (LIBOR) has a significant role in global finance. It’s utilized to...Read More
Chinese Blockchain giant Neo will collaborate with the Korean-based project FLETA on the launch of a clinical trial data registry platform based on blockchain technology. Blockchain Technology in the Medical Field The clinical trial data registry is up to the test to make things easier and more secure, addressing eventual data manipulation in the medical...Read More
In mid-May, news.Bitcoin.com reported on one of our mining pool videos being censored and banned from the video-sharing platform Youtube. The report had shown how Youtube has been censoring videos for a long time now, and the CEO specifically told the public certain coronavirus films would be removed. Youtube’s censorship has caused a number of...Read More
The latest debacle of social media giant Twitter flagging tweets of the US President Donald J. Trump resulted in the draft of an executive order on Preventing Online Censorship. If anything, this highlights one of the core principles behind Bitcoin’s technology – censorship resistance. Twitter Flagging President Trump’s Tweets The riots in Minnesota’s largest city,...Read More
The Chinese People’s Political Consultative Conference(CPPCC), the advisory body of the Republic of China, recently emphasized the need for the adoption of the blockchain technology in various sectors in the country. China is one of the countries to be recognized as one of the fast countries to adopt blockchain technology and implement it in various...Read More
In the cryptocurrency space, there are a lot of different opinions on stablecoins. Vitalik Buterin sees some merit in these assets, although they may not find their core niche in their current state. The stablecoins currently on the market seem to struggle quite a bit. Stablecoins Need to Keep Evolving Only Tether’s USDT is effectively...Read More
The Switzerland government has rejected the 100 million Swiss Francs ($102.7 million) funding request made by the country’s famous Crypto Valley, according to a local media report. Located in the heart of Zug, Crypto Valley is a fintech friendly region with favorable regulations for cryptocurrency and blockchain startups, making it a much-celebrated blockchain hub. Despite...Read More
The ongoing drama involving the Steem project is seemingly not coming to an end just yet. Binance’s involvement in this entire matter is also raising a lot of eyebrows, and may hurt the company’s reputation in the long run. It is evident that Steem underwent yet another hard fork. Binance Gets its Share of Steem...Read More
Ever since the Steem blockchain split into two separate camps,there has been plenty of controversy to go around. A recent plan to prevent roughly $5m in tokens from being seized was initiated, but the effort fell short in the end. Not a week goes by without Steem making some sort of headline.for all the wrong...Read More
The Ethereum blockchain is suffering a period of heavy congestion, partly caused by what appears to be a Ponzi scheme. Thousands of transactions are being pinged all across the network—all leading to a single address, which now holds $5.3 million worth of Paxos Standard (PAX) tokens. That address belongs to the operators of MMM Global...Read More
It is evident that the banking sector will need to find ways to remain relevant and evolve in the years to come. RAKBANK hopes to leverage Ripple’s technology in its effort to make a positive impact. Various financial institutions around the world see merit in Ripple’s technology. Ripple Gains Ground in Bangladesh The firm has...Read More
In the cryptocurrency world, users are always looking for ways to make money by whichever means are most convenient. Playing blockchain games has often been dismissed as a fad, but it seems to be a viable option to explore regardless. There are many blockchain games and dApps for users to explore today. Hybrid Gameplay is...Read More
Achieving two-way interoperability between blockchains and the real world is an ongoing challenge. It is not something that can be done natively, yet with the help of blockchain oracles, a lot can be achieved. What are Blockchain Oracles? To explain the purpose of a blockchain oracle, one needs to be aware of what it entails...Read More
DUBAI, UAE, 8th May (Friday) Time: 10 AM New York, NY, USA (GMT-4) ‘MEET IDEAOLOGY’ webconference is looking for you The exclusive, pre-launch presentation for the top crypto people In an effort to make top-shelf blockchain partnerships before their Initial Coin Offering is launched, Ideaology ( www.ideaology.io ) is organizing the Web-Conference ‘Meet Ideaology’ on...Read More
A recently published report suggests that the global online gambling market will grow by $114 billion over the next four years, with bitcoin playing its part. While forecasts related to economic growth may seem flawed given our current circumstances, with a virus having swept aggressively across the planet and drastically altered the way we live...Read More
Blockchain technology still remains one of the biggest developments in the technology sector today. One of Canada’s major companies is now embracing this technology to modernize its own supply chain. There are many different ways to digitize a company’s existing infrastructure. FCL Embraces Blockchain Technology More often than not, the process is painstaking, slow, and...Read More
Telegram is one of the many technology companies venturing into the world of blockchain technology. It now appears that this launch will be postponed for another year. Venturing into the blockchain industry is never an easy feat. Telegram Struggles With its Blockchain Building the technology is one thing, but ensuring it works is something else...Read More
The blockchain industry continues to thrive during the coronavirus crisis. A new venture in Amsterdam aims to provide a decentralized fund to support people suffering from financial hardship during these uncertain times. It is evident that the coronavirus pandemic will continue to affect daily life for some time to come. A Different use for Blockchain...Read More
Governments all over the world are working on improving and streamlining their existing processes and infrastructure. Blockchain technology will play an increasing role of importance in this regard. Growing Adoption of Blockchain Technology Various governments around the globe are currently exploring their options in the blockchain space. Rather than looking at established technology companies, it...Read More
It has become apparent that blockchain is considered to be the holy grail during this coronavirus crisis.Even the World Economic Forum is convinced that distributed ledgers will be of incredible value moving forward. The future of the entire world may very well hinge on blockchain technology. Blockchain is a Must After Coronavirus Crisis is Over...Read More
